May 2015 NY Auto Outlook

USED VEHICLE REPORT

METRO AREA USED CAR AND LIGHT TRUCK REGISTRATIONS March January ‘14Thru March ‘15 YTDThru March 2015 2014 % change Current Previous % change 2015 2013 % change

56,389 69,018 -18.3% 162,111 161,530 0.4% 162,111 161,530 0.4 %

INDUSTRY TOTAL

Cars

31,214 38,587 -19.1% 88,540 89,036 -0.6% 88,540 89,036 -0.6% 25,175 30,431 -17.3% 73,571 72,494 1.5% 73,571 72,494 1.5% 20,121 25,365 -20.7% 58,169 59,679 -2.5% 58,169 59,679 -2.5% 8,442 10,219 -17.4% 24,281 23,353 4.0% 24,281 23,353 4.0% 25,419 30,678 -17.1% 72,685 71,761 1.3% 72,685 71,761 1.3%

Light Trucks

PG: 6 new york auto outlook : NEW & USED VEHICLE MARKET May 2015 Issue Detroit Three European Japanese Korean 2-year-old vehicles 3-year-old vehicles 4-year-old vehicles 5-year-old vehicles -15% -12% -9% -6% -3% 0% 3% 6% 9% -10.5

2,407 2,756 -12.7% 6,976 6,737 3.5% 6,976

6,737

3.5%

1-year-old or newer vehicles

3,114 3,448 -9.7% 8,977 8,050 11.5% 8,977 3,497 3,828 -8.6% 10,082 9,168 10.0% 10,082

8,050 11.5% 9,168 10.0%

5,980 7,456 -19.8% 16,472 17,065 -3.5% 16,472 17,065 -3.5%

3,175 3,422 -7.2% 10,070 8,850 13.8% 10,070 2,248 2,400 -6.3% 6,362 5,553 14.6% 6,362

8,850 13.8% 5,553 14.6%

6-year-old vehicles or older

38,375 48,464 -20.8% 110,148 112,844 -2.4% 110,148 112,844 -2.4%

Data Source: IHS Automotive

Quarterly Percent Change in Area New and Used Vehicle Markets Fourth Quarter 2013 thru First Quarter 2015

Used New

7.3

6.3

6.4

4.8

3.1

0.4

2.8

3.0

-4.8

-5.5

-12.7

Q4 '13

Q1 '14

Q2 '14

Q3 '14

Q4 '14

Q1 '15*

Data Source: IHS Automotive

Year-To-Date thru March Comparison

YTD thru March % change in new vehicle registrations

New up 3.0%

YTD thru March % change in used vehicle registrations

Used up 0.4%

3.0

2.0

0.0

2.5

0.5

1.0

1.5

Data Source: IHS Automotive